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materiality 0.60
Kala Bio secures exclusive US distribution rights for Virotek ophthalmology genetic testing program
KALA BIO, Inc.
- Exclusive 5-year distribution deal with Virotek for ophthalmology genetic testing/screening program in US, effective Sept 3, 2026.
- Profit split 50/50 after Virotek recovers COGS; Kala handles commercial development, Virotek delivery/administration.
- Exclusivity conditioned on Kala meeting milestone by Sept 3, 2027; failure converts to non-exclusive after 30-day cure.
- Kala gets right of first refusal on any sale/license of Virotek's ophthalmology products; term renewable by mutual agreement.